UPDATE: Pacific Crest Securities Downgrades MercadoLibre on Unfavorable Risk/Reward

In a report published Wednesday, Pacific Crest Securities analyst Chad Bartley downgraded the rating on MercadoLibre (NASDAQ: MELI ) from Outperform to Sector Perform, and removed the $136.00 price target. In the report, Pacific Crest Securities noted, “MercadoLibre is a leader in Latin America, but the risk/reward is unfavorable. We